LightningMaster Corp

A Global Strategic Business Report released the second quarter of 2015 delivers compelling insight into the continued and increasing importance of Surge Protection Devices (SPDs) in the marketplace.

This report is the work of Research and Markets Ltd. Their examination of an infinite roster of categories and topics represents the efforts of a network of expert analysts in over 80 countries.

Actually, they offer over 1.5 million research resources, “empowering clients to make smart business decisions”. In addition to critical detail, we find this recent information of particular interest to our industry itself, as well as to our current and future clients.

This report, entitled The Global Surge Protection Device Market 2015-2019 was predicated on an in-depth market analysis and includes opinions from industry experts. The report’s scope comprises the Americas, and the APAC and EMEA regions; and addresses the Global Surge Protection Device Market landscape and its growth projections for the years ahead. A discussion of the key vendors operating in this market is also included. Analysts forecast the Global Surge Protection Device market to grow at a CAGR of 5.79 percent over the period 2014-2019.

Overall, the Key Questions Answered in this Report include:

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key Market Trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

R & M’s missive cites significant points in the context of devices like transient voltage surge suppressors and surge arrestors, and also states that the United States represents the largest market worldwide of Surge Protection Devices (SPDs). The following points are paraphrased directly from 2015’s GSBR:

  • Given the billions of dollars of losses caused by voltage fluctuations and power line abnormalities, these devices and the importance of surge suppression has increased
  • Widespread use of sophisticated electrical, electronic communication and data equipment is driving the importance of power management solutions including SPDs, in both developed and developing economies
  • The installation of high-end industrial electronic equipment in manufacturing plants is driving growth in the market
  • Proliferation of home appliances, personal computers, and heating and air conditioning equipment in residential homes is making its own contribution as well
  • The rapidly growing world telecommunication industry is a factor
  • With nationwide alternate energy programs gaining popularity in Germany, China, and other major economies, demand for surge protectors is expected to gain strength
  • Substitution of conventional coil and core street lamps with light emitting diodes for outdoor lighting is opening up new growth avenues for SPD manufacturers
  • The global market for SPDs is extremely competitive characterized by a high degree of fragmentation, and pricing pressures.

As a company recognized as the world leader in Lightning Protection and Static Solutions, this detail is not only of consequence to our business, but it serves to acknowledge the trend and indisputability of Surge Protection Devices as a viable solution across-market and region to provide equipment protection.